Nadra Bank to increase charter fund 10%

Nadra Bank (NADR: N/R) shareholders approved a 10% charter fund increase to UAH 430.4 mln (USD 88.7 mln) via an additional share issue at their AGM on May 27. The bank will issue 4 mln shares at par, UAH 10 (USD 2.1) per share. Subscription will take place from July 17, 2008 to July 17, 2009.